RYDER SYSTEM INC — Director's Dealing 2017

Dec 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2017-11-30

Reporting Person: Fatovic Robert D (EVP, CLO & Corp. Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-30	common stock	M	17755	$53.63	Acquired	30656	Direct
2017-11-30	common stock	S	17755	$82.4445	Disposed	12901	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-30	Stock Option (right to buy)	$53.63	M	17755	Disposed	2019-02-10	common stock (17755.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common stock	14996	Indirect
common stock	303	Indirect

Footnotes

F1: Includes 145 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan since the date of the reporting person's last Section 16 filing.

F2: This reflects the weighted average price at which the shares were sold. The sale prices ranged from $82.11598 to $82.76. The Reporting Person will provide, upon request by the Commission staff, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F3: The options, representing the right to purchase 17,755 shares, vested in accordance with the following schedule: 5,919 vested on February 10, 2013, 5,918 vested on February 10, 2014 and 5,918 vested on February 10, 2015.